Real Estate Review
Everything You Need to Know About Real Estate in the Bahamas |
Dear Valued Readers, September ushers in the preparation for a change of seasons. Students prepare to return to school, the nights begin to cool and we know that the slower pace we have enjoyed during the summer is coming to a close.
In the real estate market and in the economy, just as with a cool treat in summer, the term 'double dip' is being applied. Are we in for another dip in the economy? Recently while listening to a leading industry analyst and real estate investor, he shunned this term for a one he felt was more realistic 'suspended'. I listened as he spoke of the 820 billion investment dollars sitting in the wings of corporate America awaiting investment opportunities. He feels that while activity may be sluggish, consumers are actively looking as they recognize that this may be "...the greatest buying opportunity, in terms of looking at asset prices, that they will see in their lifetime."
Evidence of these views were echoed here in the Bahamas with the recent development of the Baha Mar investment and development agreement for the Cable Beach strip in New Providence. It is reported "...that Baha Mar will make The Bahamas one of the premier tourist locations in the world. Baha Mar will draw millions of vacationers and business travelers every year to the Resort's six hotels, with almost 3,500 rooms and condos, the largest casino in the Caribbean, the largest convention center in The Bahamas, a world-class golf course, retail village and much more. Baha Mar will employ approximately 4,000 Bahamians over the life of the construction period, and once the resort is fully operating, approximately 98 percent of the staff will be Bahamian nationals." Thus being hailed as, "...the most substantial single job stimulus opportunity The Bahamas has ever experienced."
Read the full news release on our Facebook page.
While the days are still hot, we know historically, that a change in the weather will come. A recovery for the real estate market, especially here in the Bahamas, is on the horizon too. Deals are happening every day. Don't let the season of opportunity pass you by.
Read on, and enjoy!
Sincerely,
HG Christie Ltd.
 dd Read our Island Breeze Online Edition!
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Feature Property:
Magnificent Paradise Estate
Beachfront Luxury on Paradise Island
 Set on a cul-de-sac lot of nearly a half-acre in a prestigious, gated community, this custom built beachfront home overlooks turquoise seas and the surrounding cays.
Fully furnished and providing a comfortably opulent lifestyle, this 4 bedroom, 4.5 bath Mediterranean-style residence includes soaring tray ceilings, travertine floors, and a grand staircase. The professionally designed, 6,200 sq. ft. interior brings back the elegance of Old World craftsmanship with custom iron and millwork, high-end furniture and hardwood floors. Stainless steel Sub-Zero appliances, granite countertops, solid wood cabinetry, and a casual dining/breakfast nook outfit the kitchen, while formal living and dining rooms, a home office, and three en-suite bedrooms complete the first floor.
The second floor is entirely dedicated to the master suite.
A sitting room with a wet bar leads to a pool and ocean view balcony pool, and his and hers walk-in closets plus a spa-like bath highlight this lavish retreat. Outside, a covered terrace with a built-in barbeque grill, an infinity pool, and a private strip of beach are perfect for relaxing or entertaining. A convenient, two-car garage rounds off this offering.
 Ocean Club Estates residents enjoy stunning beaches, golfing, a clubhouse, and use of the facilities of the One & Only Ocean Club and Atlantis Resort.
A rare find in Paradise Island, this home defines luxurious island living while awarding unforgettable sunrises.
Exclusively offered with HG Christie at an unbeatable price: $8,995,000.
Please contact John Christie at john@hgchristie.com or (242) 322 1041. For more information, visit our listing online at JS00138. |
HGChristie Best Opportunity
Old Fort Bay at a Great Price | Offered at $2,300,000. Click here for more information.
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HGChristie Market Update
Our Insight to the Real Estate Market
In 2010 we have seen a considerable strengthening in the market for the first two quarters performing considerably better than 2009.
During recent months, in the high end market of Nassau and Paradise Island, this strengthening trend has been punctuated with a number of 'Marquee Sales' in prime locations such as Lyford Cay, Old fort Bay and The Ocean Club. However, while the news of poor real estate sales and a sluggish inconsistent economic recovery in the US and the world continues to be reported, sales growth in the Bahamas for the remainder of the year is certain to be hindered.
This slow recovery is reflected in our Out Island sales which remain steady but, way off their record pace. With that said, at the extreme high end sector of the market, there appears to be a growing momentum. Overall, we expect sales in the Bahamas to remain consistent, if not robust during the last quarter of 2010.
All indications are that now is indeed the time of 'deals' and that the window of opportunity may be closing.
For more information relevant to current Bahamian Real Estate please feel free to contact John Christie at (242) 322-1041.
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Record Sale at Christie's
Art market history was made at Christie's New York on May 4th, 2010 with new record price for art work: US $106,482,500.
As an affiliate of Christie's Great Estates and Auction House, we share this stunning art piece with our readers:
Pablo Picasso's Nude, Green Leaves and Bust - the world's most expensive piece of artwork ever auctioned to date.
Nude, Green Leaves and Bust was the star lot of the Collection of Mrs. Sidney Brody, a stellar assemblage of Modern Art purchased primarily in the 1940's and 50's and kept in the family home since. Mrs. Brody, who died in November, was the wife of Sidney F. Brody, a Los Angeles real estate developer who died in 1983.
Known among experts as the "lost" 1932 masterpiece because it had never before been published in color, Nude, Green Leaves and Bust is a sensuous depiction of Picasso's muse and mistress Marie-Therese Walter. In previous years, Christie's has successfully sold six paintings from Picasso's celebrated 1932 series. As befitting its importance within the canon of Picasso's work, the $70-90 million pre-sale estimate was the highest placed yet on an artwork offered at Christie's New York.
For more information about Christie's Great Estates and Auction House, visit: http://www.christies.com/.
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HGC's Featured Agents
Here we grow!
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Introducing the New HGC Green Turtle Cay (Abaco) Office and our NEWEST Team members Adrian & Kristi Lowe...
HG Christie's new office location is ideally located in the quaint settlement of Green Turtle Cay Abaco, within the Leeward Yacht Club. This beautiful marina and development is managed by HG Christie's newest members to our sales team, Kristi and Adrian Lowe. Kristi and Adrian are natives of Green Turtle Cay and each have extensive knowledge of the area, the people and the culture of this historic slice of the Abaco chain.
Adrian Lowe's family operates the Green Turtle Ferry service and his knowledge of the waters, and the ideal fishing drops, is far-reaching. When we asked him to share secret fishing spots he responded with a twinkle in his eye, "I would tell you but, then I would have to kill you". Adrian is affable and easy going. His awareness of the area coupled with his skilled craftsmanship naturally lends itself to real estate sales and success.
Kristi Lowe is Adrian's delightful wife. Kristi's roots within the Green Turtle Cay community includes a family tie to renowned Bahamian artist Alton Lowe and blends beautifully with a background from the Midwest United States. The mother of 3 adorable and high energy boys, Kristi is thankful for the nearby support of their parents and the nurturing environment that the Green Turtle Cay community provides a young family. Kristi is a real 'dynamo'! She is instantly likable, bright and bubbly - a real people person. However, don't be fooled, Kristi is tech savvy, insightful and ready to put her knowledge to work for her clients.
HG Christie is excited to introduce this vibrant partnership. We are confident that Kristi and Adrian Lowe will provide outstanding service to clients interested in real estate opportunities in this idyllic setting.
To learn more about Green Turtle Cay Real Estate Opportunities contact Kristi and Adrian today: T (242) 367 4191 or email kristi@hgchristie.com, adrian@hgchristie.com.
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HG Christie Honors Top Producers
HGC Top Producers for 2009
From left: Samara Albury; Estate Agent, Nassau, Donna Laing-Jones; Estate Agent, Grand Bahama, Cara Christie; Estate Agent, Nassau, Mr. John Christie, Vice President and Estate Agent, Nassau, Dwayne Wallas; Estate Agent and Appraiser, Marsh Harbour.
Recently HG Christie honored their top real estate agents for the 2009 fiscal peried at a luncheon held at the exclusive Lyford Cay Club. Mr. John Christie, Director and Vice President of H.G. Christie Ltd. shared that, "Despite 2009 being a tough economic year, we're excited to announce the exceptional achievements of our top producing agents. These agents through their ingenuity, determination and exemplary skills were able to thrive in a struggling economy."
The agents achieving this notable honor for 2009 are as follows, the team of Vicky Knowles-Andrews and Samara Albury of the Nassau office, Donna Laing-Jones of Freeport, Grand Bahama, and Dwayne Wallas of Marsh Harbour, Abaco. A host of gifts were presented to each of the awardees including, an all-inclusive trip to the 2010 National Association of Realtors (NAR) Conference being held in November in the city of New Orleans. This event is an excellent networking tool and connects these industry leaders to other 'movers and shakers' in their profession, while exposing them to cutting edge information in the world of real estate.
Top producing agents are recognized by the company on an annual basis for their ability to produce revenue for each of their regional divisions of the company yet, more importantly, they are set apart as a result of their professionalism, hard work and dedication. H.G. Christie is extremely proud of all of our Top Producers who are continuing to set an incredible standard within our organization and beyond. We salute these leaders and wish them sustained success in the future.
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| Our Blog: Horizons
Keep up with our HGC Real Estate Blog
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To visit and for more information visit us at our blog - Horizons.
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Upcoming Bahamas Events
Don't miss these exciting events! Until Nov 24 (Wednesdays)BIFF Film SeriesThe Bahamas International Film Festival hosts its 2010 BIFF Film Series with movie showings every Wednesday 7:30pm at Old Fort Bay. Cost: $12/per screening; $100/complete package, including popcorn. T: 325-5747. Visit BIFF Sept 18 - SaturdayAtlantis LIVE: Lady AntebellumThe Atlantis Live series continues with Grammy-award winning country music group, Lady Antebellum, a concert that is sure to be a crowd pleaser.  October 1 - October 11Shakespeare in Paradise The popular festival returns for a second year.  October 29 - 31Bahamas Home & Builder's ShowWyndham Nassau Resort, Cable Beach November 4 - November 6Islands of the World Fashion Week Third year of this glamorous event highlights established designers and gives exposure to newcomers in the design industry.
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Contact Us Today!
HG Christie Office Directory
| NASSAU | Head Office:
Millar's Court
P.O. Box N-8164
Nassau, Bahamas
Phone: (242) 322-1041
Fax: (242) 326-5642
sales@hgchristie.com
| | ABACO |
Abaco Main Office:
P.O. Box AB-20106
Marsh Harbour
Abaco, Bahamas
Phone: (242) 367-5454
Fax: (242) 367-5452
abaco@hgchristie.com
Hope Town/Elbow Cay
Abaco, Bahamas
Phone: (242) 366-0700
Fax: (242) 366-0701
hopetown@hgchristie.com Green Turtle Cay
Abaco, Bahamas
Phone: 242 365 4191
Fax: 242 365 4174
greenturtlecay@hgchristie.com
| | ELEUTHERA | Eleuthera Main Office:
P.O. Box EL-25148
Governor's Harbour
Phone: (242) 332-3404
Fax: (242) 332-3406
eleuthera@hgchristie.com
Windermere Island
Eleuthera, Bahamas
Phone: (242) 334-2298
Fax: (242) 334-2818
windermere@hgchristie.com
| | EXUMA
| P.O. Box EX-29122
George Town, Exuma, Bahamas
Phone: (242) 336-2274
Fax: (242) 336-2272
exuma@hgchristie.com
| | GRAND BAHAMA
| P.O. Box F-42498/#360
The Mall Drive
(Opposite International Bazaar)
| | TURKS & CAICOS |
P.O. Box 264
Providenciales
Turks & Caicos Islands
Phone: (649) 231-2110
Fax: (649) 946-5425
sales@hgchristie.com |
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